Bitcoin is back — and may have an even stronger tailwind with the September jobs report.
The token hovered near $85,000 on Friday as bond yields briefly eased and seasonal trends turned supportive. Ether also rose as strategists pointed to signs of a bullish trend for cryptocurrencies. A look at Yahoo Finance’s AlphaSpace chart below shows bitcoin erasing most of its year-to-date losses. This comes after a tough first half of 2026.
Despite rising Treasury yields over the past months, the token just notched its strongest quarter since 2024, rising 43% during the period.
On Thursday, Citi analyst Alex Saunders raised his base-case price forecast for bitcoin to $113,000 from $82,000.
